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QUESTION
Suppose you needed $ 22 comma 000$22,000 to maintain a particular standard of living in 19781978. How much would you have needed in 20032003 to maintain the same standard of living? Assume that all
Suppose you needed $ 22 comma 000$22,000 to maintain a particular standard of living in 19781978. How much would you have needed in 20032003 to maintain the same standard of living? Assume that all prices have risen at the same rate as the CPI.
